Tag: Binance

What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode!

In this episode, we look at reports suggesting China is strategically relocating forced labor from the Uyghur region to different parts of the country in an attempt to bypass US laws prohibiting goods sourced from areas associated with forced labor.

This could trigger wider limitations on goods originating from China, stressing the necessity for intensive audits and transparency in business operations. This issue has sparked bipartisan concern, hinting at potential upcoming legal actions.

Tom stresses the need for companies to react effectively to reduce risks, possibly through on-the-ground audits and increased accountability in business operations in China. Kristy underscores the need for thorough audits and proactive measures in response to the risks associated with forced labor in China. She raises the possibility of legal consequences for companies found to be misleading about their involvement with forced labor. Both perspectives serve to underline the gravity and complexity of this issue.

 Highlights Include:

• Can shareholders criticize companies (without being sued)? (WSJ)
• The Brazilian Supreme Court throws out Car Wash convictions.  (FT)
• Prosecutorial misconduct eviscerates Fat Leonard convictions.   (WaPo)
• First declination in the export control case. (WSJ)
• ABC crusader picked as Vietnam’s next president. (Bloomberg)
• BMW and Jaguar used banned China parts – US probe – BBC
• Supreme Court Holds CFPB’s Funding Structure Constitutional – Gibson Dunn –
• Binance Gets Two Compliance Monitors in Settlements With U.S. Authorities – WSJ
• How Companies Dodge Tariffs – New York Times –
• Moment motorist jumps into Florida lake to evade police during 90 mph chase after taking test drive too far – New York Post

Resources:

Kristy Grant-Hart on LinkedIn

Spark Consulting

Tom

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